EchoStar (SATS) Scheduled to Post Quarterly Earnings on Tuesday

EchoStar (NASDAQ:SATS) is set to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect EchoStar to post earnings of ($0.28) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

EchoStar (NASDAQ:SATS) last issued its earnings results on Friday, August 9th. The communications equipment provider reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.39). EchoStar had a negative net margin of 18.65% and a positive return on equity of 0.18%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts expect EchoStar to post $-2 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

EchoStar Trading Down 1.0 %

Shares of SATS opened at $25.81 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.40 and a quick ratio of 0.32. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of -3.00 and a beta of 0.70. The company has a 50-day moving average of $24.48 and a 200 day moving average of $20.38. EchoStar has a 1-year low of $9.53 and a 1-year high of $30.08.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group raised their price objective on EchoStar from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $12.00 price objective on shares of EchoStar in a report on Monday, August 12th. Raymond James cut shares of EchoStar from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 1st. Morgan Stanley raised their target price on shares of EchoStar from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, StockNews.com raised shares of EchoStar to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.00.

About EchoStar

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.